IYLO Croydon Redevelopment has a Promising Future

The IYLO Croydon redevelopment has faced a number of challenges over the past several years.  Most notably, IYLO was left as a half-completed eyesore after its initial parent company ran out of funds.  It is important to acknowledge that the development did not go as planned.  Instead of adding a new center to transform a London neighborhood into a world-class destination, the half-completed residential skyscraper intended to be a beacon of a brighter future became a rundown hazard.  However, the redevelopment is under new management and has a new name.  Construction on Island has resumed.  Instead of leaving the neighborhood with an abandoned building, Island is planned to be a better epicenter to the Croydon redevelopment than initially planned. 

The first attempt at building IYLO Croydon was met with a number of challenges that were faced by many different build firms a few years ago.  Primarily, funds were short due to a poor global economy, and government interventions were often ineffective.  A number of redevelopment projects across the U.K., Western Europe, and the U.S. were left unfinished for a simple reason: the parent company behind the projects ran out of available funds, and it was more difficult to acquire a meaningful line of credit than it was in the past.  However, Island has a new name and has been purchased by a new parent company with a greater vision.

Highlights of the new Island

Island is a phenomenal residential skyscraper.  With construction already underway, the building should be completed in the near future.  Island has a number of benefits to residents including the following:

• ·         Balance of city life and outdoor activities that include numerous parks. 

• ·         Family-oriented community with top rated schools.

• ·         Investment opportunities for entrepreneurs and venture capitalists. 

• ·         Easy access to mass transit and different London neighborhoods including major universities. 

• ·         Better overall quality of life for residents. 

Island has the same vision of redevelopment and renovation as IYLO.   However, it is now backed by a parent company with the resources to turn the vision of a better way of London living into a reality. 

The Future of Island and Croydon Appears Bright

Completing construction on Island is the first step in a plan to turn a London neighborhood into a global destination.  With more stable resources and in better economic times, the new parent company behind Island can make its initial vision come to life.  Instead of revitalizing a residential skyscraper, Island can reshape the future of Croydon and offer a higher standard of living to prospective residents.